In January 2019, Croatia observed the arrival of 0.2m tourists (-1.4% YoY), while tourists nights amounted to 0.5m (-5.2% YoY).

Croatian Bureau of Statistics published a document about tourism in January 2019.

According to the report, January 2019 observed the arrival of 0.2m tourists, which represents a decrease of 1.4% YoY. Meanwhile, tourists nights amounted to 0.5m, which represents a decrease of 5.2% YoY. This would mean that on average tourists stayed for 2.4 days in January 2019, compared to 2.5 days in January 2018.

The most foreign tourist nights in January 2019 were recorded by tourists from Slovenia, as much as 34 thousand nights (11.4% of the total foreign tourist nights), and by tourists from Italy, with 30 thousand nights (10.2% of the total foreign tourist nights).  When compared to January 2018, tourists from Slovenia observed a 6.4% increase, while tourists from Italy observed a 9.4% decrease.

Zagreb observed the largest number of tourist arrivals and nights in January 2019. Arrivals amounted to 56 thousand, which represents 27.0% of the total arrivals, and 121 thousand nights, which was 23.9% of the total nights.  Despite this, Zagreb recorded a decrease of 9.4% in tourist arrivals and of 14.5% in tourist nights YoY.

The most tourist nights were observed in hotels, as much as 0.31m, which represents 61.9% of the total number of nights. Compared to January 2018, hotels recorded a decrease in tourist arrivals of 1.2% and in tourist nights of 8.0%.

In February 2019, the EU passenger car market decreased by 1.0% YoY, while the Croatian market observed a decrease of 7.7%.

According to ACEA’s recently published report, in February 2019, the EU passenger car market decreased by 1.0% YoY, despite some major EU markets showing a slight recovery. After a five‐month decline, demand for new cars increased modestly in Germany (+2.7%), France (+2.1%) and the United Kingdom (+1.4%) last month. However, Spain (‐8.8%) and Italy (‐2.4%) recorded car registrations decrease for the sixth consecutive month.

From January to February 2019, demand for new cars in the European Union fell by 2.9%

On the other hand, when observing the Renault Group, AD Plastik’s main contractor, their car registrations in February remained flat in February, while they observed a decrease of 0.4% in the first two months of 2019. 

Turning our attention to the Croatian market, the number of registrations in February amounted to 3,559, which represents a decrease of 7.7% YoY. Meanwhile, from January to February, the Croatian market observed a decrease of 6%, amounting to 7,125.

At the current share price, the dividend yield is 2.4%.

SIF Banat published a document in which they proposed a dividend of RON 26.9m, which would represent a dividend of RON 0.052 per share. At the current share price, the dividend yield is 2.4%. Note that the ex dividend date was not yet proposed, but the dividend is proposed to be paid out on 11 October 2019.